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The original item was published from 5/16/2019 11:04:52 AM to 5/20/2019 2:35:18 AM.

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Town Administrator

Posted on: May 16, 2019

[ARCHIVED] Debt Exclusion Information

A debt exclusion is a provision under proposition 2 1/2 where voters can allow a temporary tax levy increase for payment of a bond.  The exclusion allows the cost of the bond payment each year to be added to the annual tax bill. The cost decreases each year with the payment of the bond and ends on the last bond payment.

Calculation of Debt Exclusion Cost
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